They need only indicate that they see a long term dividend rate of 3cps - which is quite achievable given their profitability and cash flows.
At today's price, that represents a div rate of 17%
Then you get a few recommendations for income portfolios, buy a few to get your returns up, but just a few because of the greater risks involved than, say, woolies.
Nevertheless, these recommendations will persist even when the div rate goes down to 10%,
that is, it will still be a buy for the 3c div when the SP is 30c
Turn around story, page-3
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22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $141.1M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.0¢ | $58.69K | 265.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15912 | 22.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 112719 | 2 |
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